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    1 Social St Woonsocket, RI 02895

    For Lease
    $0.01 SF/Yr

    Prime Downtown Office Space, Ample Parking

    Lot size:
    10,717 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional four-story commercial property at 1 Social Street in Woonsocket, Rhode Island, presents a unique investment opportunity. The building, situated on a substantial 28,314 square foot lot, offers a total of 10,717 square feet of versatile space, ideally suited for a variety of uses. The main floor encompasses 7,109 square feet, complemented by an additional 3,608 square feet in the basement. Previously utilized as a school and childcare center, this adaptable space is ready for its next chapter. The building's C-1 zoning allows for diverse commercial applications, including office, retail, and special purpose uses. Its prime downtown location ensures high visibility and foot traffic, further enhanced by its adjacency to the Stadium Theatre, a significant economic driver in the area. The property includes a large, convenient parking lot in the rear, providing ample parking for tenants and visitors, with a total of 50 spaces available. This single-tenant building offers a rare combination of size, location, and parking, making it an attractive prospect for discerning investors and businesses seeking a prominent presence in Woonsocket's thriving downtown. The property consists of one building with four stories and is zoned C-1.

    Property Features for 1 Social St

    General Information

    Property type
    Amusement parks
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,717 SF

    Building Details

    Buildings
    1
    Stories
    4

    Unit(s) available at that property

    Space
    Size
    10,717 SF
    Rate per SF
    $0.01
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Orkiv.com Software Company Rise Prep Mayoral ... Elementary School Top Insurance Agency ... Insurance Agency Celebrations Formals Etc Dj Service Project Learn Adult ... Adult Education School

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Woonsocket
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.5120105
    Latitude
    42.0057413

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    FAQs

    What type of property is this?
    Amusement park - Prime Downtown Office Space, Ample Parking
    Where is this amusement park located?
    The property is located at 1 Social St Woonsocket, RI.
    What is the lease rate?
    The lease rate is $0.01 SF/Yr.
    Request Owner's contact information
    1 Social St Woonsocket, RI 02895
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    Woonsocket, RI 02895
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1 Social St Woonsocket, RI 02895
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